Summary

This introductory accounting course presents a complete accounting cycle of proprietorship and a partnership. Topics include analyzing transactions, journalizing, posting, petty cash, financial statements and adjusting and closing entries. Accounting concepts are introduced using a modern business with owners that students can relate to in each cycle.

Table of Contents

CYCLE 1 Accounting for a Service Business Organized as a Proprietorship

Starting a Proprietorship

4

(20)

Accounting in Your Career

5

(1)

The Accounting Equation

6

(3)

How Business Activities Change the Accounting Equation

9

(4)

Reporting Financial Information on a Balance Sheet

13

(11)

Professional Business Ethics

7

(6)

Cultural Diversity

13

(9)

Automated Accounting

22

(2)

Starting A Proprietorship: Changes That Affect Owner's Equity

24

(16)

Accounting in Your Career

25

(1)

How Transactions Change Owner's Equity in an Accounting Equation

26

(4)

Reporting a Changed Accounting Equation on a Balance Sheet

30

(10)

Cultural Diversity

27

(11)

Automated Accounting

38

(2)

Analyzing Transactions Into Debit and Credit Parts

40

(24)

Accounting in Your Career

41

(1)

Using T Accounts

42

(3)

Analyzing How Transactions Affect Accounts

45

(6)

Analyzing How Transactions Affect Owner's Equity Accounts

51

(13)

Technology for Business

43

(11)

Cultural Diversity

54

(9)

Automated Accounting

63

(1)

Journalizing Transactions

64

(32)

Accounting in Your Career

65

(1)

Journals, Source Documents, and Recording Entries in a Journal

66

(6)

Journalizing Buying Insurance, Buying on Account, and Paying on Account